Regina Office Market Report Q4 2017

Regina Office Market Report Q4 2017

Downtown Office sector remains a tenant's market

At the end of 2017 Regina’s office market is largely unchanged from last year. Though the vacancy rate has again fallen slightly to 11.79%, the downtown remains a tenant’s market. The pressure for landlords to attract new tenants is high and perhaps even higher to retain tenants through rate reductions and other incentives. With little activity in the market, vacancy rates are likely to remain higher for years to come.